Juniper Networks (NYSE:JNPR – Get Rating) is set to announce its earnings results after the market closes on Tuesday, January 31st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Investors who wish to listen to the company’s conference call can do so using this link.
Juniper Networks Price Performance
Shares of Juniper Networks stock opened at $32.01 on Friday. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.42 and a current ratio of 1.69. The stock has a 50-day moving average price of $32.05 and a 200-day moving average price of $29.67. Juniper Networks has a one year low of $25.18 and a one year high of $38.14.
Insiders Place Their Bets
In other Juniper Networks news, CEO Rami Rahim sold 6,250 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $30.79, for a total value of $192,437.50. Following the completion of the sale, the chief executive officer now directly owns 813,735 shares in the company, valued at approximately $25,054,900.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Anne Delsanto sold 900 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $32.24, for a total value of $29,016.00. Following the completion of the transaction, the director now directly owns 17,675 shares of the company’s stock, valued at approximately $569,842. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rami Rahim sold 6,250 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $30.79, for a total value of $192,437.50. Following the completion of the transaction, the chief executive officer now directly owns 813,735 shares of the company’s stock, valued at $25,054,900.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,186 shares of company stock worth $945,775. 1.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Prudential PLC bought a new position in shares of Juniper Networks in the 1st quarter worth $369,000. Creative Planning increased its position in Juniper Networks by 6.6% during the 2nd quarter. Creative Planning now owns 12,080 shares of the network equipment provider’s stock valued at $344,000 after buying an additional 744 shares in the last quarter. Horizon Investments LLC increased its position in Juniper Networks by 59.4% during the 1st quarter. Horizon Investments LLC now owns 9,232 shares of the network equipment provider’s stock valued at $343,000 after buying an additional 3,439 shares in the last quarter. United Services Automobile Association acquired a new position in Juniper Networks during the 2nd quarter valued at about $339,000. Finally, Federated Hermes Inc. increased its position in Juniper Networks by 6.6% during the 1st quarter. Federated Hermes Inc. now owns 8,902 shares of the network equipment provider’s stock valued at $330,000 after buying an additional 551 shares in the last quarter. 89.22% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equity analysts have recently commented on JNPR shares. KeyCorp lifted their target price on Juniper Networks from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Rosenblatt Securities lifted their target price on Juniper Networks from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, October 26th. Wells Fargo & Company lifted their target price on Juniper Networks from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 26th. Raymond James lifted their target price on Juniper Networks from $37.00 to $38.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 26th. Finally, StockNews.com initiated coverage on Juniper Networks in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.86.
Juniper Networks Company Profile
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Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.
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